Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home » India » Indian Partnership Act 1932 » Section 5 Indian Partnership Act 1932

Section 5 Indian Partnership Act 1932

Section 5 Indian Partnership Act

Section 5 of the Indian Partnership Act 1932 is about Partnership not created by status. It is under CHAPTER II (THE NATURE OF PARTNERSHIP) of the Act.

  Partnership not created by status.

The relation of partnership arises from contract and not from status;


and, in particular, the members of a Hindu undivided family carrying on a family business as such, or a Burmese Buddhist husband and wife carrying on business as such are not partners in such business.

See also  Section 71 Indian Partnership Act 1932

More Posts

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

LawGlobal Hub
LawGlobal Hub is your innovative global resource of law and more. We ensure easy accessibility to the laws of countries around the world, among others